07/26/2018 Live Update

[Cobra]

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no idea up or down from here, need see more bars.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/07 ... ay-update/

[te_fern]

Poster's comments about Barometer:
The last 5 months for the Chemical Activity Barometer have essentially all been the same. No growth. However, I'm not concerned until year-over-year growth is flat. It's still at a healthy 3.9%. Something's gotta change for the second half of the year though or it will go flat.

Chemical Activity Barometer Continues to Signal Gains in U.S. Commercial and Industrial Activity
https://www.americanchemistry.com/Media/...ivity.html
WASHINGTON (July 24, 2018) – The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), rose 0.1 percent in July on a three-month moving average (3MMA) basis, improving upon June and May performances which were essentially flat. The barometer is up 3.9 percent year-over-year (Y/Y/), a slower pace than of that earlier in the year. The unadjusted CAB also increased, notching a 0.2 percent gain, up from a 0.1 percent gain in June. July readings indicate a continued expansion of U.S. commercial and industrial activity well into the first quarter 2019.

The Chemical Activity Barometer has four primary components, each consisting of a variety of indicators: 1) production; 2) equity prices; 3) product prices; and 4) inventories and other indicators.

All four broad categories remained strong. Production-related indicators in July were mixed as trends in construction-related pigments and related performance chemistry were slightly positive and suggested further gains in housing activity. Reflecting a strong retail and food services sector, plastic resins used in packaging and in many other consumer and institutional applications were mixed and suggest further but modest gains in retail sales. U.S. exports also continued to rise as did equity prices; product and input prices; and inventories.

The diffusion index slipped from 82 percent to 71 percent and the annualized six month growth rate slowed. This index marks the number of positive contributors relative to the total number of indicators monitored.

The Chemical Activity Barometer is a leading economic indicator derived from a composite index of chemical industry activity. The chemical industry has been found to consistently lead the U.S. economy’s business cycle given its early position in the supply chain, and this barometer can be used to determine turning points and likely trends in the wider economy. Month-to-month movements can be volatile so a three-month moving average of the barometer is provided. This provides a more consistent and illustrative picture of national economic trends.
Whoever invented “knock-knock” jokes should get a no-bell prize.

[te_fern]

Looks like it closed the small gap with yesterday and now is about to head down....

[te_fern]

A friend of mine bought FB last week. Sure he's not real happy this morning....

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2018/07 ... ay-update/

[Cobra]

morning hourly hollow red. implication is on the top left of the chart itself.

[1der]

SPY PBar update - Busy last night and this morning with five:
281.57, 282.10 below and 283.13, 283.14 and 283.50 above
As normal Green = not yet filled, Blue = filled in regular session

Note- there have been multiple PBars at or around 281.58

[te_fern]

Board has been consolidating, but the Q's have blasted off...

[te_fern]

Smalls have done pretty well this morning...

[Cobra]

my guess is more likely up from here, just a guess.

[Al_Dente]

worst performer in the SPX today is NLSN
FB (2.16% of SPX; its fourth heaviest weight) is second worst
but SPX is buoyed by the best performers today: ARNC, AMD, XLNX, DHI....

At the moment, the AD on the NY is acting like there is no catastrophe
NY advancing stocks = 2.0 x declining stocks
NY advancing volume = 1.5 x declining volume

[Al_Dente]

First they came for Netflix and I did not speak out because I was not a Netflix.
Then they came for Facebook and I did not speak out because I was not a Facebook …

EARNINGS REPORTS:
7/26 tonight after the close: AMZN, INTC,
7/27 tomorrow before the open: CVX, XOM, MRK, TWTR

[Al_Dente]

Zuckerberg lost $20 billion after hours last night...

[te_fern]

Zuckerberg lost $20 billion after hours last night...

Easy come, easy go!!

[QED]

SPY PBar update - Busy last night and this morning with five:
281.57, 282.10 below and 283.13, 283.14 and 283.50 above
As normal Green = not yet filled, Blue = filled in regular session

Note- there have been multiple PBars at or around 281.58

Thanks for posting those!

[QED]

.
AAPL Market Cap = ~$978.95B



https://finviz.com/quote.ashx?t=aapl
.

[brokebybernacke2]

OT
anyone looking to short AMZN into earnings?

lookin at NFLX, FB, even GOOG, all below highs to date post earnings...

gdp tomorrow am

[Al_Dente]

"Investors shouldn't panic. Facebook will bounce back"
https://money.cnn.com/2018/07/26/invest ... Markets%29

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2018/07 ... ay-update/